Digital Realty Trust (NYSE:DLR) Price Target Raised to $180.00

Digital Realty Trust (NYSE:DLR) had its target price hoisted by JPMorgan Chase & Co. from $175.00 to $180.00 in a research note published on Tuesday, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

DLR has been the subject of several other reports. The Goldman Sachs Group started coverage on shares of Digital Realty Trust in a report on Monday, July 1st. They set a buy rating and a $175.00 target price for the company. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the stock a buy rating in a research report on Friday, July 12th. Truist Financial increased their target price on Digital Realty Trust from $160.00 to $168.00 and gave the company a buy rating in a report on Tuesday, August 13th. TD Cowen dropped their price target on Digital Realty Trust from $122.00 to $120.00 and set a hold rating for the company in a research report on Friday, July 26th. Finally, Barclays upped their target price on shares of Digital Realty Trust from $123.00 to $130.00 and gave the company an underweight rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $156.61.

Digital Realty Trust Price Performance

DLR stock opened at $157.00 on Tuesday. The firm has a 50 day moving average of $153.38 and a 200-day moving average of $148.33. The company has a market cap of $49.05 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 5.14 and a beta of 0.60. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a 12-month low of $113.94 and a 12-month high of $165.17.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 earnings per share. As a group, equities analysts expect that Digital Realty Trust will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Insider Buying and Selling

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust during the second quarter valued at about $25,000. American Capital Advisory LLC acquired a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $27,000. Private Ocean LLC purchased a new stake in Digital Realty Trust during the 2nd quarter worth approximately $27,000. Gradient Investments LLC raised its position in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Rise Advisors LLC boosted its stake in shares of Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.